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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 18, 2013
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 18, 2013
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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Jan 18, 2013
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economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indis
economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as...
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Jan 18, 2013
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
SFGTV2: San Francisco Government Television
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Jan 18, 2013
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energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outside california and salt lake city -- i don't know where he is because i can't see anything wi
energy and there i think we have taken enormous steps in the direction of a modern sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the...
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and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while. it wasn't really until the fall in oil prices in '86, but we really got rid of the inflation demon and, i think in some ways, laid the groundwork for the period following that in the 1990s when we had strong productivity growth, we had strong markets really starting in the mid 1980s. so the analogy in my mind is we have this deficit that's now hanging over us, um, and for some of the same reasons it's a really hard problem to solve. it lacks a federal reserve, so we don't have the equivalent of an actor like paul volcker who can come in and say, okay, we're going
and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while....
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without actual investment in the economy itself we're not going to see economic growth so just jim let's talk about this piggybacking off of what anthony is saying one of president obama's approach is to fix the economy that's kind of the trickle down economics so we're seeing this huge growth in profits on top on the part of corporations is it trickling down and if it's not why not so you mentioned caterpillar had a record profits and what wasn't mentioned is that caterpillar also instituted wage freezes for a lot of its blue collar workers so even though they're making record profits it doesn't necessarily trickle down now there is there are expectations that there might be more hiring in the future so that still has yet to play out we don't know what this will look like and so. it might not it might be a positive thing in the future but we still have yet to see it play out that if companies don't hold on to their money as reserves that means that they need to be investing in the economy and hiring more workers and you brought up the. the i'm sorry you brought up that that the points a
without actual investment in the economy itself we're not going to see economic growth so just jim let's talk about this piggybacking off of what anthony is saying one of president obama's approach is to fix the economy that's kind of the trickle down economics so we're seeing this huge growth in profits on top on the part of corporations is it trickling down and if it's not why not so you mentioned caterpillar had a record profits and what wasn't mentioned is that caterpillar also instituted...
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Jan 18, 2013
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then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell products and foster those independent designers. >> i think we're opening up gateways in the industry for other people that otherwise wouldn't have a chance to make a name for themselves. you know you see the same dress on four different websites for four different prices from the same label and you're left kind of wondering isn't their more out there. >> reporter: ilwyw.com may not help cure for cancer, but it might create jobs. and, it's part of a push by new york city's borough president scott stringer to make the big apple a destination for start- ups. what he calls the innovation economy. >> how we ta
then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district, www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell...
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Jan 18, 2013
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china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive, here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the grand reopening of the theater just over a year ago. but last night, he was attacked outside of his apartment block, and and and amassed through asset from the bottle into his face and fled. he received serious burns and was rushed to hospital. doctors had been battling to save his sights. today, a deep sense of shock. >> impossible. how it isderstand possible. >> why was he targeted? one theory put forward by the ballet is that he made enemies in his role of artistic director. >> he is the one that decides so many things and every time a decision
china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive, here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the...
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number one fix the economy, create jobs. first two were that and the message to congress was almost unanimous. compromise together. >> yes. >> so we know where the public is. >> right. the public wants results and they want results in their jobs, in their lives. they want the government just to work better. and i think that is the big disconnect right now with washington because, you know, republicans are wondering how much leverage they have to force the president to deal with spending, for instance. do they sort of wait him out and hope for a positive result in 2014 and use whatever leverage over the del ceiling or whatever else but the public finds it so distasteful. the president too on issues like entitlement, i think it's really striking, will he seek to rise above how difficult it is that he doesn't feel he's got a negotiating partner to try to get something done on entitlements? if he wants robust economic growth he'll have to. we will have a debate over guns and the debt between ted cruz, fresh face, tea party face
number one fix the economy, create jobs. first two were that and the message to congress was almost unanimous. compromise together. >> yes. >> so we know where the public is. >> right. the public wants results and they want results in their jobs, in their lives. they want the government just to work better. and i think that is the big disconnect right now with washington because, you know, republicans are wondering how much leverage they have to force the president to deal...
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Jan 18, 2013
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but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer money. >> well, dennis kozlowski paid back everyone in million dollars everyone in million in finds, and -- 97 million in finds. he was convicted and -- >> who would rubber-stamp this. >> general services, which is landing record. of the u.s. government. was nobody looking, they claim there was water damage, but gale norton, kempthorne's predecessor, you know i know a plumber named tommy who can to this, for a lot less. neil: this is why we have a spending problem. this is part of it. >> taxpayers, alliance president said that the country is broke, this is unacceptable. this is up in with military buying
but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer...
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. >>> the economy is soft, people are trying to make ends meet. what more people are now doing when it comes to paying their bills. that's ahead on this friday. january 18th. >>> and not just any friday but a purple friday. you are sticking around, having a party and some are heading up to foxboro. we'll take a look at a live party right here in baltimore this morning. some people may want to follow that. >> if they do so they need to bundle up. and as we head towards the weekend if you are heading up there. but you know what. we'll be dealing with some light snow across the area. that's coming down on the radar. >> that's what we v it is off to the north and the west. if you are out and about take it easy. now to the temperatures where we see a very cold pool of air moving in here. the teens. we have the winds. we can see it coming in at 29 degrees we'll get gusts and 3:00. 38 and like we're in the 20s. d
. >>> the economy is soft, people are trying to make ends meet. what more people are now doing when it comes to paying their bills. that's ahead on this friday. january 18th. >>> and not just any friday but a purple friday. you are sticking around, having a party and some are heading up to foxboro. we'll take a look at a live party right here in baltimore this morning. some people may want to follow that. >> if they do so they need to bundle up. and as we head towards...
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Jan 18, 2013
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-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the president gets the best marks for being easygoing and likable, having the ability to handle a crisis and understanding average people but low marks on changing business as usual in washington and working effectively with congress and sharing their position on the issues. now looking at the future, 43% optimistic about the next four years. 35% pessimistic and 22% feel mix. the survey has people to describe where america is headed in a short word or phrase. just a third used positive words like improving and right direction. near
-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the...
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Jan 18, 2013
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market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance
market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we...
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the cap should go up when the economy is strong, and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards to foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. the the the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also need a workable, reliable national employee verification program. now, they be verified brough rand has been dramatically improved. we are ready to beam -- to move forward with it nationally, provided there is strong preemption language to stay a local laws, no obligation to read verifies the whole -- i know countries with 35, 50,000 employees who certainly don't have to do that. and we need safe harbor for good ethics by employers. finally, we need to provide a path out of the shadows for 11 million undocumented immigrants who live in the united states today. with the understanding that
the cap should go up when the economy is strong, and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards to foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. the the the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also...
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
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Jan 18, 2013
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the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep interest rates low, but do we buy that at this point? one of the things that is really doing is helping the housing market. you're right, inflation comes in, and then what rush mark >> i don't think the we will have inflation immediately. the problem is when it comes, could come fast and once again the fed is playing catch-up with that. i don't think there's any risk of that happening in 2013 from the housing market, housing is improving and the fact mortgage rates have been so low i expect they will remain low in 2013, i think the 30-year fixed won't be an im
the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep...
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Jan 18, 2013
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this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in terms of gdp or for industrial output and everything else that we saw today looks as though it's point to go a rebound for the chinese economy. although the big question is whether or not this is a full blown recovery and we just don't have those answers yet. kelly. >> eunice, thanks very much recording in from the evening in beijing. you can see the increase in smog we've been seeing all week there. for more on what's happening in china, lewis patz. welcome. thank you so much for your time today. let's start, because as we just heard from eunice, there's a sense that maybe if the decimal point doesn't tell you the whole story, it does add to the feeling growth is turning around. do you expect in 2013 that we see a pick up in china? >> yes. i do think that 2013 as a whole will look better than 2012 did. we started 2012 very weak. we ended 2012 a bit better and we enter 2013 stronger. so it's that momentum that reall
this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in terms of gdp or for industrial output and everything else that we saw today looks as though it's point to go a rebound for the chinese economy. although the big question is whether or not this is a full blown recovery and we just don't have those answers yet. kelly. >> eunice, thanks very much recording in from the evening in beijing. you can see the increase in smog we've been seeing all...
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Jan 18, 2013
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., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will knick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway
., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems...
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Jan 18, 2013
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china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the grand reopening of the theater just over a year ago. but last night, he was attacked outside of his apartment block and and and amassed through asset from the bottle into his face and fled. he received serious burns and was rushed to hospital. doctors had been battling to save his sights. today, a deep sense of shock. >> impossible. i don't understand how it is possible. >> why was he targeted? one theory put forward by the ballet is that he made enemies in his role of artistic director. >> he is the one that decides so many things and every time a
china's economy is not as hot as it used to be. it has the government is scrambling to find a new spark. onstage, the ballet world is known for its beauty and grace. behind-the-scenes today, there has been a brutal force. the artistic director has been seriously injured after someone threw acid in his face. for more on the possible motive here is our washington correspondent. >> one of the stars. he graces the famous stage. and still a high-profile figure. here he is with the head of the...
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Jan 18, 2013
01/13
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FBC
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believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show. >> thank you for having me back. melissa: stop the purell madness. i'm surrounded by it here on the set because we have it all over the building. everyone is sick. everyone is panicked. you hear my voice. everyone we're all sick but we're purelling ourselves to death. is it not working? >> well, do you have a bottle on your desk right now? melissa: it is funny that you should say that because, yes i do. i have one in my purse. and -- >> turn the bottle around and tell me what the percentage of alcohol is in that? >> 70%. >> that one is okay but a lot o
believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show....
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Jan 18, 2013
01/13
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FBC
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the economy revving up in the fourth quarter. phil flynn of price futures group is in the trading pits of the cme for us. >> the most exciting thing that i heard today was that api report. yes, the man did that to the lowest level in over 16 years. production, the highest level since before the civil war, consider that. up 16%. that is an incredible number. it is really changing the global energy market. there will still be some risk factors going into the weekend. we are a little bit concerned. right now, prices are staying pretty steady. there are a lot of market ahead of this three-day holiday weekend. melissa: i am surprised that that kind of data does not have an impact on price. >> partly, it is because of the economics. the dollar viewpoint. demand growth in the future. the other issue is that what we will see is the global marketplace, as well, starting to get out into the global marketplace. it will drive up the cost of wti. really, you have to look at this bread. you know, we will see falling prices in europe. lower pro
the economy revving up in the fourth quarter. phil flynn of price futures group is in the trading pits of the cme for us. >> the most exciting thing that i heard today was that api report. yes, the man did that to the lowest level in over 16 years. production, the highest level since before the civil war, consider that. up 16%. that is an incredible number. it is really changing the global energy market. there will still be some risk factors going into the weekend. we are a little bit...
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Jan 18, 2013
01/13
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MSNBCW
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congratulation on the economy in virginia. it's to be envied around the country. what advice did you are on for house republicans? i think we're beginning to see one result, which is the offer of a short-term debt ceiling extension that they don't want to engage in this second cliff battle with the white house right now. >> thanks for having me on. i told them a couple of things. one is stick to your principles. we need a principled conservative party. not another liberal party. but, secondly, find ways to talk about the kitchen table issues that people care about and solve problems and offer a clear contrast to the president about managing the finances of the united states of america. i think john boehner and eric cantor are doing a good job working together. i think we have to find ways to more carefully explain to people all year long why conservative principles work. i think they'll do that, and i look forward to working with them as governors do around the country in getting things done. >> do you think after newtown and the massacre there that things have ch
congratulation on the economy in virginia. it's to be envied around the country. what advice did you are on for house republicans? i think we're beginning to see one result, which is the offer of a short-term debt ceiling extension that they don't want to engage in this second cliff battle with the white house right now. >> thanks for having me on. i told them a couple of things. one is stick to your principles. we need a principled conservative party. not another liberal party. but,...
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Jan 18, 2013
01/13
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FOXNEWS
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i wouldn't put any jeopardizing, any of the economy there. it shows it is a very rational, put us on a better pathism would think all the american public could support it and the senate as well. >> a long tradition here of congress acting to raise the debt ceiling. the power they brought, they have given themselves to do. the point is without drama and delay. monthly extension is drama. so what, you know, congress should simply do its job. not going to negotiate over extenting the debt ceiling. >> bret: well, this is what republicans have come up with. out of the meeting in williamsburg, virginia, they have come up with this on their plan. a three-month debt ceiling increase. debt limit increase contingent on the senate passing a budget. which they haven't done in quite some time. and no spending cuts except congressional members pay without budget. basically, congressional members can't get paid without spending cuts. let's bring in the panel. we talk about all of this. steve hayes for "weekly standard." charles lane, opinion writer for "was
i wouldn't put any jeopardizing, any of the economy there. it shows it is a very rational, put us on a better pathism would think all the american public could support it and the senate as well. >> a long tradition here of congress acting to raise the debt ceiling. the power they brought, they have given themselves to do. the point is without drama and delay. monthly extension is drama. so what, you know, congress should simply do its job. not going to negotiate over extenting the debt...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a...
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Jan 18, 2013
01/13
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WRC
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> right now at 11:00, snow is falling in parts of virginia. see what's coming in overnight here in d.c. >> lance armstrong admits to deep doping. >> yes or no, did you take banned substances to enhance your performance in psych snlg. >> yes. >> tonight, the cyclist talks about his reckless behavior and why he was a bully. >> plus, a teen girl reveals what she did to get away from a man who tried to kidnap her from the school bus stop. we begin tonight with the weather. our area dodged a bullet when it came to the snow. wind chills could be in the teens tonight. doug is here with the forecast. >> the snow has stayed well to the south. you look at the radar picture, it looks like we're looking at some rain and snow across portions of the region. but that's not it at all. this was the area i thought would see the most snow. upwards of four inches potent l potentially. if you look at the radar picture now, this is where we'
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> right now at 11:00, snow is falling in parts of virginia. see what's coming in overnight here in d.c. >> lance armstrong admits to deep doping. >> yes or no, did you take banned substances to enhance your performance in psych snlg. >> yes. >> tonight, the cyclist talks about his reckless behavior and why he was...
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Jan 18, 2013
01/13
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CSPAN2
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our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the regulatory regime, both in this country and europe. going in to that, what your reservation -- [inaudible] the deal that would emerge from the negotiations. what would you be most concerned about? >> i said in a meeting of the group that is looking at this, in my position, stated there was that we should undertake serious discussions between the u.s. and e.u. at the same time, i think we need to be realistic. i was -- [inaudible] what was that? over ten years ago, and i think there were unnecessarily optimistic views about how quickl
our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the...
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Jan 18, 2013
01/13
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CNBC
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economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all the brazil and indonesia which are still exciting stories. i feel good about where the world is heading. is it on a bull streak? no. but is it on a firmer footing? yes. as a long-term investor i care about firm footing. >> some day we will go through 15,000 on the dow, and then 16,000. and then 17,000. >> yeah. >> i mean i just wonder is that within the next couple of years? i mean it's about time. it's been -- we went from 800 to 14,000. and we haven't moved from 14,000 in like 10, 12 years. >> my father always says a journey of a thous
economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all...
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Jan 18, 2013
01/13
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CSPAN
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the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic
the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left,...
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Jan 18, 2013
01/13
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FBC
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we have to detach the stock market chart from america's economy, the domestic economy. the world, the entire planet has never been this prosperous in the history of mankind, never. the entire world. i am not talking about the great empires that forced themselves into welfare state and can't get out of their own weight. i am talking beyond china, resurgent japan, 5% unemployment in russia, indonesia, turkey, mexico, panama city, google panama city when you get a chance. if you'd think this with the first world country, she level via first world country and so will brazil. drivers in brazil and argentina, that is what the stock market represents. we are lucky to have american companies that can take advantage of that and i pray and hope the government doesn't stop that even though they have hinted at it. stuart: usually so negative about politics, the election, the direction of the economy, america is jazzing -- getting just like you're in a decrease of the dow jones average is close to an all-time high. charles: people should not be fooled by that. caterpillar gets 70% o
we have to detach the stock market chart from america's economy, the domestic economy. the world, the entire planet has never been this prosperous in the history of mankind, never. the entire world. i am not talking about the great empires that forced themselves into welfare state and can't get out of their own weight. i am talking beyond china, resurgent japan, 5% unemployment in russia, indonesia, turkey, mexico, panama city, google panama city when you get a chance. if you'd think this with...
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Jan 18, 2013
01/13
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CSPAN
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economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more
economy in 2013. real gdp growth in the nine states in the first half of 2013 will be below 2% before accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight over the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still...
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Jan 18, 2013
01/13
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. >>> weill a rebound in the world's second largest economy be a bump for the stock exchange? today, we'll see how investors react. >>> stocks came to life thursday thanks to a surprising jump in housing starts and the lowest weekly jobless numbers since january 2008. after the bell, intel ticked lower despite better than expected earnings. more corporate reports ahead today include heavy hitters general electric, part owner of this network, and morgan stanley. gold prices settled around $1690 thursday, meaning that this 177-ounce gold nugget reportedly discovered with a metal detector in australia is worth $300,000. what a find. >>> toyota has settled the first wrongful death lawsuits. >>> oprah winfrey's interview with lance armstrong has turned a pretty penny for her new cable network. according to an executive, ads were expected to sell out. >>> well, so much for towels and juicers. dodge wants people to pitch in for a new car. >>> meanwhile, january is the best time to find travel deals. the four seasons resort on the big island of hawaii. trip adviser named it the best r
. >>> weill a rebound in the world's second largest economy be a bump for the stock exchange? today, we'll see how investors react. >>> stocks came to life thursday thanks to a surprising jump in housing starts and the lowest weekly jobless numbers since january 2008. after the bell, intel ticked lower despite better than expected earnings. more corporate reports ahead today include heavy hitters general electric, part owner of this network, and morgan stanley. gold prices...
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Jan 18, 2013
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KQED
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with an economy that can only be described as suffering and troubled. so he understands the politics of it. he knows that it is an uphill fight. but the reality is and police officers will tell you as well, police chiefs in particular, is it is the impulsive end. and it's the idea of multideaths at a time which is what a gun can do. i mean it's not-- we have changed the culture in this country as as far as smoking has concerned. when i was a pfc, cigarettes were $2 a carton. now it's $9 for a pack of cigarettes and there is a stigma. we don't see smoking in movies any more. we don't see that same level of social acceptance. i mean i think the culture is part of it, no doubt about it. >> if i could just one on the politics, i think the ambitiousness of the proposals was politically savvy. because it will allow a lot of senators from marginal areas who are swinging in the mid thrill to say well i'm not for the assault weapons ban, that's too far. but i am for some other things. and so i think they will chop off a few piece of the obama package. but it mig
with an economy that can only be described as suffering and troubled. so he understands the politics of it. he knows that it is an uphill fight. but the reality is and police officers will tell you as well, police chiefs in particular, is it is the impulsive end. and it's the idea of multideaths at a time which is what a gun can do. i mean it's not-- we have changed the culture in this country as as far as smoking has concerned. when i was a pfc, cigarettes were $2 a carton. now it's $9 for a...
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Jan 18, 2013
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economy hostage because republicans want what they call drastic spending cuts in programs like medicare. and so whether this distracts from the inaugural or not, it's at least something the without first said was a negative and notice claims might actually bea positive. i'm steve handelsman, news4. >>> thanks, steve. starting tomorrow metro will begin selling special passes. the transit agency is untiling to use smarttrip cards. the commemorative passes will go on sale tomorrow at metro center and stations. the passes are good all day, but passengers can load more money onto them. coming up on "news4 at 5," adam tuss will have details on everything you need to know to get around on inauguration day. >>> news4 will cover every aspect. we'll be reporting live from the parade and swearing in. the coverage starts monday at 4:00 a.m. and continues all day. >>> taking a live look outside, sunshine is here, but so is the arctic air. >> it's cold out there. how cold about it be for the weekend? veronica johnson has details. how about that? >> not too bad for the weekend. the actual temperatures
economy hostage because republicans want what they call drastic spending cuts in programs like medicare. and so whether this distracts from the inaugural or not, it's at least something the without first said was a negative and notice claims might actually bea positive. i'm steve handelsman, news4. >>> thanks, steve. starting tomorrow metro will begin selling special passes. the transit agency is untiling to use smarttrip cards. the commemorative passes will go on sale tomorrow at...
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Jan 18, 2013
01/13
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KNTV
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will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley. >>> gold prices settled around $1690. meaning this 177 ounce gold nugget reportedly discovered with a medal detecter in australia is worth just under $300,000. pretty good find. >>> toyota has settled the first in a string of wrongful and injury deaths overunintended acceleration. the family of a utah couple killed when a toyota slammed into the wall will collect an undisclosed sum from the automaker. >>> oprah winfrey's interview with lance armstrong has brought a pretty penny for her cable network. ad slots sold at a premium was expeced to sell out. oprah bolstered the ratings by 32% la
will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley....
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Jan 18, 2013
01/13
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CSPAN
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so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of our real estate not on our tax. our primary comes from our tax sment and our water that serve it is region. we've watched our unemployment decrease, we've out paced the national economy. last year we saw $1.1 billion in national investment. our focus has been on investing in our urban core and doing it together. a great focus on riegism. >> a question to both of you with debt in this country cities do that by floating bonds which explain how that works in mesa, arrest arrest and what that works for and how it's paid off. guest: we like to say
so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of...